SkySkopes News

“The Canadian Association of Petroleum Producers (CAPP) congratulates Prime Minister Mark Carney and all the newly elected and returning Members of Parliament. A new federal government offers an opportunity to rejuvenate Canada’s economy and its approach to natural resource development. CAPP was encouraged throughout this election by the tone set by the two leading parties [Read more]

CALGARY – The industry group representing Canada’s oil and gas service contractors has laid out its top priorities for the Liberal government in Ottawa, which held onto power in Monday’s federal election. The Canadian Association of Energy Contractors says both the Liberals and the Conservatives recognized the need to grow oil and gas development during [Read more]

BP on Tuesday reported a deeper-than-expected 48% drop in net profit to $1.4 billion on weaker gas trading and refining results and announced the departure of its strategy chief as it tries to shore up investor confidence. Under pressure to improve profitability and cut costs CEO Murray Auchincloss has announced plans to sell $20 billion [Read more]

The 2025 federal election is over. The time to act is now. This election marked a defining shift in Canada’s energy future. Canadians spoke clearly: the debate is no longer whether to develop our natural resources, but how swiftly and boldly we can advance. Both leading parties recognized the urgent need to expand oil and [Read more]

The United States and China are unlikely to see a rapid hit to their credit ratings from a trade war, S&P Global’s top sovereign analyst has said, with damage more likely concentrated on poorer countries and those already on downgrade warnings. S&P reaffirmed its “stable” outlook on its AA+ U.S. sovereign credit rating days before [Read more]